Intel - Warning the markets !!!
Chart courtesy of stockchartsGateway is a cheap stock ?
Yes, it's my opinion based in the fundamentals of this company, however the chart is ugly it's still continous showing many Bearishs signals. The stock in these levels are trading above the average volume.
Chart courtesy of stockchartsIntel cuts sales target due to weak chip demand
Intel Corp. on Friday slashed its first-quarter sales forecast by half a billion dollars, as the world's largest chipmaker faces slowing growth in computer sales and stiffer competition from smaller rival as Advanced Micro Devices Inc., also Intel said that it expects revenue of $8.7 billion to $9.1 billion for the current quarter. The midpoint of that range is $500 million less than that of Intel's prior forecast for sales of $9.1 billion to $9.7 billion. Could 20$ support this stock in short-term ? I don't think so, because if the markets start falling INTEL will follow.
Importante note :
Unfortunately for me and certainly for you, I'll not be able to update daily this bolg due to my busy profissional carrier,but I promise that weekly I will updated the lastest financial news related with some active stocks during the week, as well I'll weekly analyse the charts and the future trends of these stocks, so I hope you continue to visit my blog that was created to help the investors less cautious and without any experience in the American markets. You can still send me emails for some help or something else that I'll reply soon, so my cooperation with you'll be daily available. I only ask you to understand this request as a small solution for this busy professional and family life. This blog will continue to be a reference economic blog but now only with weekly updates, but perhaps you'll see some daily information here if I think that could be very important to change the analyse of my charts, and useful for you.
Thank you so much for your understanding !!!
Tha's All. Have a great Sunday day !!!!
AC
